Pan American Fertilizer acquires Exumer in Uruguay
2014-05-01 08:25 ET - News Release
Mr. Randy Wright reports
PAN AMERICAN FERTILIZER (TSX.V: PFE, FRANKFURT: 6GF) ACQUIRES EXUMER CORPORATION S.A. IN URUGUAY
Pan American Fertilizer Corp. has acquired 100 per cent of Exumer Corp. SA, as part of the previously announced (see press release dated March 14, 2014) expansion of operations to Uruguay with the intention to grow its market share in the fertilizer industry within South America.
"We are pleased with the addition of Exumer to the Pan American brand," commented Randy Wright, chief executive officer of Pan American. "Exumer is an important piece to expanding our South American operations and growing our South American market share within the fertilizer industry. We look forward to operating in a business-friendly and agricultural-focused country such as Uruguay, and we believe that this is a significant step forward in expanding our brand."
Mr. Wright will act as Exumer's director and chief executive officer on behalf of Pan American's interest.